{"id":7499,"date":"2021-07-14T12:18:24","date_gmt":"2021-07-14T12:18:24","guid":{"rendered":"https:\/\/3.26.50.104\/education\/?page_id=7499"},"modified":"2021-08-05T04:41:52","modified_gmt":"2021-08-05T04:41:52","slug":"what-are-stablecoins","status":"publish","type":"page","link":"http:\/\/3.26.50.104\/education\/what-are-stablecoins\/","title":{"rendered":"What are Stablecoins?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"7499\" class=\"elementor elementor-7499\" data-elementor-settings=\"[]\">\n\t\t\t\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a43573b elementor-section-height-min-height elementor-section-boxed elementor-section-height-default elementor-section-items-middle\" data-id=\"a43573b\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;gradient&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-adde0d4\" data-id=\"adde0d4\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-af09e14 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"af09e14\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-ed292dd\" data-id=\"ed292dd\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9d603db elementor-widget elementor-widget-html\" data-id=\"9d603db\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<a style=\"color: #FFFFFF; \" href=\"javascript:history.go(-1)\" onMouseOver=\"self.status.referrer;return true\">\u2190 Back<\/a>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-84ff67e elementor-widget elementor-widget-heading\" data-id=\"84ff67e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What are Stablecoins?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-d2ae8b9\" data-id=\"d2ae8b9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6411dc6 elementor-widget__width-auto elementor-widget elementor-widget-image\" data-id=\"6411dc6\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"252\" height=\"182\" src=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/07\/crypto_visual.png\" class=\"attachment-full size-full\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-b29d5c0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b29d5c0\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-8a3acab\" data-id=\"8a3acab\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7ec9528 elementor-widget elementor-widget-heading\" data-id=\"7ec9528\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">Definition<\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7274e50 elementor-widget elementor-widget-text-editor\" data-id=\"7274e50\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>A stablecoin is a type of hybrid cryptocurrency whose value is tied to a stable asset like USD or gold.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4ac5dc5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4ac5dc5\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6e09303 before-icon-bi\" data-id=\"6e09303\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f977fd4 elementor-widget__width-auto elementor-widget elementor-widget-image\" data-id=\"f977fd4\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"66\" height=\"109\" src=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/05\/location.png\" class=\"attachment-large size-large\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5bf332b elementor-widget__width-auto elementor-widget-mobile__width-auto elementor-widget elementor-widget-heading\" data-id=\"5bf332b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Understanding Stablecoins<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3d87b44 elementor-widget elementor-widget-text-editor\" data-id=\"3d87b44\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>Stablecoins attempt to bridge traditional finance with the world of cryptocurrency.<\/p><p>They are a type of <a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-cryptocurrency\" target=\"_blank\" rel=\"noopener\">cryptocurrency<\/a> that is \u2018pegged\u2019 to a real-world asset like fiat currency, precious metals or even other cryptocurrencies. This adds stability to their value, reducing much of the uncertainty and volatility that deters people from investing in crypto.<\/p><p>Initially, stablecoins were created to mimic fiat currency and to be used by traders who operated on exchanges that did not offer <a href=\"https:\/\/digitalsurge.com.au\/\" target=\"_blank\" rel=\"noopener\"><strong>direct fiat to crypto trading<\/strong>.\u00a0<\/a><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-eee82c2 elementor-widget elementor-widget-heading\" data-id=\"eee82c2\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Why do we need stablecoins?<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ba80bc8 elementor-widget elementor-widget-text-editor\" data-id=\"ba80bc8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><strong>For trading cryptocurrency<\/strong><\/p><p>The first major use of stablecoins was by crypto traders. Stablecoins like USDT and DAI provided an on-ramp to crypto on exchanges that didn\u2019t provide direct fiat to crypto trading. Given that stablecoins are already on the <a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-blockchain\" target=\"_blank\" rel=\"noopener\">Blockchain<\/a>, they can also carry less fees and processing times when compared to trading with fiat currency.<\/p><p>On certain exchanges, stablecoins are a safe place to store your crypto in times of market volatility. If you have a lot of money in Bitcoin, and the market is dipping, you can easily switch your BTC to USDT while the crash occurs, protecting your capital from the dip and buying back in once the price starts to take off again.<\/p><p><strong>For fast &amp; cheap payments<\/strong><\/p><p>One of <a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-cryptocurrency\" target=\"_blank\" rel=\"noopener\">Bitcoin &amp; cryptocurrency\u2019s<\/a> major pain points is that their value fluctuates from day to day. This makes them a risky place to store money as it could be worth X one day and then half that the next.<\/p><p>A person might have some of their savings in crypto, or be paid by an employer in crypto, meaning the amount of spending power they have will be entirely dependent on the market at that time. Stablecoins solve this problem, offering a stable, virtual currency that can be used for fast, cheap &amp; highly efficient cross-border and everyday payments.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a8d5339 elementor-widget elementor-widget-heading\" data-id=\"a8d5339\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">How do stablecoins have value?<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-aa2df6c elementor-widget elementor-widget-text-editor\" data-id=\"aa2df6c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>The company issuing the stablecoins needs to keep an <strong>equal amount (or more) <\/strong>of whatever the stablecoin is pegged to and \u2018backed\u2019 by in their reserve so people can easily switch back and forth between fiat currency and stable coins. Without this backing the stablecoin would lose its legitimacy.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7b822c7 elementor-widget elementor-widget-heading\" data-id=\"7b822c7\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">A centralised cryptocurrency?<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-33efc8f elementor-widget elementor-widget-text-editor\" data-id=\"33efc8f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>Stablecoins have gained traction by attempting to offer the best of both worlds \u2013 the instant processing, security &amp; privacy of cryptocurrencies and the <strong>trust and stability <\/strong>of regular fiat currency.<\/p><p>However, because each stablecoin is issued by a single company, they are essentially <strong>centralised<\/strong>, meaning they are not actually a \u2018pure\u2019 cryptocurrency like Bitcoin or Ethereum. Stablecoins have their limitations and have not yet been created in a way that offers <strong>all<\/strong> <a href=\"https:\/\/digitalsurge.com.au\/education\/why-the-world-needs-cryptocurency\" target=\"_blank\" rel=\"noopener\">the advantages of a <strong>fully decentralised currency. <\/strong><\/a><\/p><p>\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-386aa60 elementor-widget elementor-widget-text-editor\" data-id=\"386aa60\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>There are <strong>3 main types<\/strong> of stablecoins:<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f4c6564 list-bg-bi elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"f4c6564\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Fiat backed stablecoins<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Crypto backed stablecoins<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Commodity backed stablecoins<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3fa9713 elementor-widget elementor-widget-heading\" data-id=\"3fa9713\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">What are the main advantages\/uses of stablecoins?                  <\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-986f9c0 list-bg-bi elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"986f9c0\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Stablecoins are suited for everyday transactions, removing the price fluctuations associated with other cryptocurrencies.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Stablecoins are backed &amp; collateralised by <b>real assets<\/b>, meaning you can invest in them without fear that the currency may drop in value at any time.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">For exchanges that don\u2019t provide <b>direct fiat to crypto trading<\/b>, stablecoins provide an efficient on-ramp to trading cryptocurrency, as well as a place to store money in times of market volatility.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Stablecoins don\u2019t have to pass through the usual financial intermediaries, meaning lower transaction fees & shorter transfer times.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Stablecoins could be particularly valuable as an alternative to cash in countries where there is hyperinflation & economic instability.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Stablecoins pave the way for <b>DeFi <\/b>(decentralised finance) to revolutionise the way we do business, offering financial possibilities from loans to interest earning opportunities to a universally accessible peer-to-peer payment system.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-397911c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"397911c\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9d4616f\" data-id=\"9d4616f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-878107f elementor-widget elementor-widget-image\" data-id=\"878107f\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"241\" src=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/05\/illustration-body.png\" class=\"attachment-large size-large\" alt=\"\" srcset=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/05\/illustration-body.png 680w, http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/05\/illustration-body-300x106.png 300w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b4d4d6b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b4d4d6b\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-fd03b55\" data-id=\"fd03b55\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-eac0b1b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"eac0b1b\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-bf16f1a\" data-id=\"bf16f1a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-632f9b7 elementor-widget elementor-widget-heading\" data-id=\"632f9b7\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Key Takeaways\n\n\n<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-200c7a4 list-bg-bi elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"200c7a4\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Stablecoins are a virtual currency whose value is tied to a <b>stable asset <\/b>like USD or gold, solving crypto\u2019s volatility problem.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">The price of a stablecoin depends on the asset it is pegged to. There are fluctuations in the rate, but they are usually insignificant.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Stablecoins enhance the efficiency of crypto trading but can also be used for payments in the real world.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Stablecoins will aid in the mass adoption of cryptocurrencies, giving investors a <b>safe way<\/b> to access the opportunities offered by crypto technology.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">A company issuing a stablecoin must keep an <b>equivalent <\/b>amount (or more) of collateral in their reserves. <\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Stablecoins bridge traditional finance and crypto, however, they are not fully decentralised like other cryptos.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Stablecoins are a relatively new phenomena, but they could well play an integral role in the future of business & finance.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f11d0e4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f11d0e4\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f8df688\" data-id=\"f8df688\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f06defe elementor-widget elementor-widget-image\" data-id=\"f06defe\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"464\" height=\"506\" src=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/05\/img2.png\" class=\"attachment-large size-large\" alt=\"\" srcset=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/05\/img2.png 464w, http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/05\/img2-275x300.png 275w\" sizes=\"auto, (max-width: 464px) 100vw, 464px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5590c64 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5590c64\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-42fb22c\" data-id=\"42fb22c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-00304a2 elementor-widget elementor-widget-heading\" data-id=\"00304a2\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Did this answer your question?\n\n<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3d52faf elementor-widget__width-auto likedislikebtncustom-mi elementor-widget elementor-widget-shortcode\" data-id=\"3d52faf\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-shortcode\"><!-- LikeBtn.com BEGIN --><span class=\"likebtn-wrapper\"  data-identifier=\"page_7499\"  data-site_id=\"604d0dec943ec9c02d34b5d2\"  data-theme=\"custom\"  data-btn_size=\"31\"  data-icon_l=\"thmb7-u\"  data-icon_d=\"thmb7-d\"  data-icon_size=\"30\"  data-icon_l_c=\"#34c2e8\"  data-icon_l_c_v=\"#34c2e8\"  data-icon_d_c_v=\"#34c2e8\"  data-f_size=\"15\"  data-show_like_label=\"false\"  data-icon_like_show=\"false\"  data-counter_type=\"single_number\"  data-tooltip_enabled=\"false\"  data-white_label=\"true\"  data-item_url=\"http:\/\/3.26.50.104\/education\/what-are-stablecoins\/\"  data-item_title=\"What are Stablecoins?\"  data-item_date=\"2021-07-14T12:18:24+10:00\"  data-engine=\"WordPress\"  data-plugin_v=\"2.6.36\"  data-prx=\"http:\/\/3.26.50.104\/education\/wp-admin\/admin-ajax.php?action=likebtn_prx\"  data-event_handler=\"likebtn_eh\" ><\/span><!-- LikeBtn.com END --><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a49b045 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a49b045\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-dc4448a\" data-id=\"dc4448a\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d393896 elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"d393896\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Ready to start trading the easy way ?<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4a17797 elementor-align-center gradiant-btn-bi elementor-widget elementor-widget-button\" data-id=\"4a17797\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a href=\"https:\/\/digitalsurge.com.au\/sign-up\" target=\"_blank\" class=\"elementor-button-link elementor-button elementor-size-md elementor-animation-shrink\" role=\"button\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">Sign up with Digital Surge<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-578e4b8 elementor-widget elementor-widget-heading\" data-id=\"578e4b8\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Simple. Safe. Stress-free<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7900037 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7900037\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a4f8c67\" data-id=\"a4f8c67\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c055783 elementor-widget elementor-widget-text-editor\" data-id=\"c055783\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><a href=\"http:\/\/digitalsurge.com.au\/\" target=\"_blank\" rel=\"noopener\">Digital Surge<\/a>\u00a0is the easiest way for Australians to\u00a0<a href=\"https:\/\/digitalsurge.com.au\/sign-up\" target=\"_blank\" rel=\"noopener\">buy, sell &amp; store over 250+ cryptocurrencies<\/a>. With extremely low fees, a uniquely user-friendly interface and a customer-support team you can rely on, getting involved in crypto has never been easier.\u00a0<a href=\"https:\/\/digitalsurge.com.au\/sign-up\" target=\"_blank\" rel=\"noopener\">Sign up<\/a>\u00a0today and enjoy safe, stress-free trading.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-521f486 elementor-widget elementor-widget-text-editor\" data-id=\"521f486\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><i>Crypto-curious? The time you spend here will be the best investment you ever make.<\/i><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-75af811 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"75af811\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-051d9ec\" data-id=\"051d9ec\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-22b6172 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"22b6172\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fc5abc2 elementor-widget elementor-widget-heading\" data-id=\"fc5abc2\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<p class=\"elementor-heading-title elementor-size-default\">Tell me more...<\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d0a3397 elementor-widget elementor-widget-heading\" data-id=\"d0a3397\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#what-are-some-real-world-applications-of-stablecoins\">What are some real-world applications of stablecoins?<\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f91fc39 elementor-widget elementor-widget-heading\" data-id=\"f91fc39\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#what-is-pegging\">What is pegging?<\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ddccbd2 elementor-widget elementor-widget-heading\" data-id=\"ddccbd2\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#how-can-you-earn-interest-on-stablecoins\">How can you earn interest on stablecoins?<\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3973264 elementor-widget elementor-widget-heading\" data-id=\"3973264\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#how-are-stable-assets-stablecoins-kept-stable\">How are stable assets\/stablecoins kept stable?<\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-716c09f elementor-widget elementor-widget-heading\" data-id=\"716c09f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#what-are-fiat-backed-stablecoins\">What are fiat-backed stablecoins? <\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f4588c4 elementor-widget elementor-widget-heading\" data-id=\"f4588c4\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#what-are-commodity-backed-stablecoins\">What are commodity-backed stablecoins? <\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9eef855 elementor-widget elementor-widget-heading\" data-id=\"9eef855\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#what-are-crypto-backed-stablecoins\">What are crypto-backed stablecoins? <\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-48f5d14 elementor-widget elementor-widget-heading\" data-id=\"48f5d14\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#what-are-the-drawbacks-of-stablecoins\">What are the potential drawbacks of stablecoins?<\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ea48a27 elementor-widget elementor-widget-heading\" data-id=\"ea48a27\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#what-are-some-examples-of-popular-stablecoins\">What are some examples of popular stablecoins?\n<\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6dff989 elementor-widget elementor-widget-heading\" data-id=\"6dff989\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#how-can-stablecoins-help-the-developing-world\">How can stablecoins help the developing world?<\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8551f93 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8551f93\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d362f85\" data-id=\"d362f85\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ef9c109 elementor-widget elementor-widget-menu-anchor\" data-id=\"ef9c109\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"what-are-some-real-world-applications-of-stablecoins\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f7d7410 elementor-widget elementor-widget-heading\" data-id=\"f7d7410\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">What are some real-world applications of stablecoins?<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c8c53ec elementor-widget elementor-widget-text-editor\" data-id=\"c8c53ec\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>Although still in their early stages, stablecoins have many potential real-world applications, such as:<\/p><p><strong>Day-to-day payments<br \/><\/strong><\/p><p>Stablecoins can be used like any other currency but with the added advantages of a digital currency that\u2019s legally backed and secure. This is especially useful for cross-border payments as it eliminates the need to convert between different fiat currencies. As stablecoins exist on the <a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-blockchain\" target=\"_blank\" rel=\"noopener\">Blockchain<\/a>, this also removes the third party intermediary, meaning the potential for lower transaction costs across the board.<\/p><p><strong>Streamlining recurring <a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-a-smart-contract\" target=\"_blank\" rel=\"noopener\">smart contract<\/a> payments<\/strong><\/p><p>Stablecoins are cryptocurrencies and thus allow the use of <a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-a-smart-contract\" target=\"_blank\" rel=\"noopener\"><strong>smart financial contracts<\/strong><\/a>. These can be automated to execute in any way desired and would be an ideal way to handle <strong>recurring payments<\/strong> like salary payments, rent, loans and subscriptions. Given the stability of stablecoins this makes them a far better option than using a volatile asset like Bitcoin as currency.<\/p><p><strong>Settlements<br \/><\/strong><\/p><p>Currently, settlements are unable to be delivered immediately because they are subject to <strong>normal bank hours<\/strong>. This is not an issue with crypto and stablecoins as they operate on a Blockchain network and are active <strong>24\/7<\/strong>.\u00a0<\/p><p><strong>Remittances for migrant workers<br \/><\/strong><\/p><p>Around the world, many people send remittances (wages) through agencies like Western Union and MoneyGram to their families overseas. This is often a slow and costly process, and a chunk of the payment is lost in the transfer process due to high cross-border transfer fees. Stablecoins provide migrant workers a far more efficient method of sending money to their families, with lower fees and no significant price volatility.<\/p><p><strong>Escrow<br \/><\/strong><br \/>Escrow services can be completely <strong>automated <\/strong>through <a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-a-smart-contract\" target=\"_blank\" rel=\"noopener\"><strong>smart contracts<\/strong><\/a> that are coded to evaluate and enforce escrow conditions, without the need for a third party to be involved. The smart contract would also be publicly available for audit as they are stored <strong>transparently <\/strong>on the Blockchain.<\/p><p><strong>Lending &amp; interest earning<br \/><\/strong><\/p><p>Mix stablecoins and <a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-defi-decentralised-finance\" target=\"_blank\" rel=\"noopener\">DeFi<\/a> together and you get a world of <strong>interest earning opportunities<\/strong>. Stablecoin lending is currently one of the most high-yield opportunities out there, offering double-digit interest rates that put regular savings accounts to shame.<\/p><p><strong>Alternative banking<\/strong><\/p><p><strong>Billions <\/strong>of people worldwide <strong>do not<\/strong> have access to a bank account. In the world of digital currencies, all one needs to have a stablecoin \u2018bank account\u2019 is an internet connection.<\/p><p><strong>Protection from local currency crashes<\/strong><\/p><p>Stablecoins are perfectly suited for countries with precarious economies. Hyper-inflation is a very real threat in some countries and stablecoins would provide a place for citizens of these countries to store their money during times of economic instability. They could be a viable solution for people wanting to quickly exchange their dropping currency into a stable currency, thus protecting them from further drops in value. Check out <a href=\"https:\/\/digitalsurge.com.au\/education\" target=\"_blank\" rel=\"noopener\">Crypto Simple&#8217;s<\/a> article on <a href=\"https:\/\/digitalsurge.com.au\/education\/why-the-world-needs-cryptocurency\" target=\"_blank\" rel=\"noopener\">why the world NEEDS cryptocurrency<\/a> to learn more.\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b6262e6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b6262e6\" data-element_type=\"section\" id=\"content-1\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-60fa4dc\" data-id=\"60fa4dc\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c2c293e elementor-widget elementor-widget-menu-anchor\" data-id=\"c2c293e\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"what-is-pegging\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b5ac06b elementor-widget elementor-widget-heading\" data-id=\"b5ac06b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">What is pegging?<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-eb564da elementor-widget elementor-widget-text-editor\" data-id=\"eb564da\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>Pegging is the mechanism which stablecoins use to mimic fiat currencies. It is also widely used as a way of controlling a country\u2019s currency rate by tying it to another country\u2019s currency.<br \/><br \/>For example, many countries stabilise their currencies by pegging them to the <strong>U.S. Dollar<\/strong>, which is generally considered to be the most stable currency globally. Stablecoins do the same thing but they are completely digital and operate on the Blockchain.\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3912e3a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3912e3a\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-32140f9\" data-id=\"32140f9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-436ad89 elementor-widget elementor-widget-menu-anchor\" data-id=\"436ad89\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"how-can-you-earn-interest-on-stablecoins\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4b03047 elementor-widget elementor-widget-heading\" data-id=\"4b03047\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">How can you earn interest on stablecoins?<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-16d3123 elementor-widget elementor-widget-text-editor\" data-id=\"16d3123\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>Another selling point of stablecoins is the ability to earn interest with them. There are many crypto loan platforms and <a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-defi-decentralised-finance\" target=\"_blank\" rel=\"noopener\">DeFi<\/a> platforms like Curve or <a href=\"https:\/\/yearn.finance\/\" target=\"_blank\" rel=\"noopener\">Yearn Finance<\/a> that allow you to earn an interest rate far beyond anything that your bank could offer.<\/p><p>For example, once you have purchased your stablecoins with fiat, you can deposit them into <strong>liquidity pools<\/strong> or <strong>lend them out <\/strong>using a variety of platforms \u2013 but beware, while stablecoins are designed to combat price volatility, the integrity of the platforms you deposit them on is important.\u00a0<\/p><p>The world of crypto is filled with lucrative interest earning opportunities, however, stablecoins provide investors a way to earn interest <strong>without the risk<\/strong> of your deposited cryptocurrency fluctuating in price. For example, while there are many ways to earn a good rate on coins like Bitcoin and Ethereum (you are often paid out in a cryptocurrency), there is every chance that your chosen crypto could drop in value, losing you money in the long run.<\/p><p>When it comes to earning interest, most investors don\u2019t want this kind of volatility. Which is why stablecoins will change the game. Stablecoins allow you to earn interest with the peace of mind that when you withdraw your funds, they will not have dropped in value due to a market crash.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-bfa7fe1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"bfa7fe1\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c5928ee\" data-id=\"c5928ee\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-227be0b elementor-widget elementor-widget-menu-anchor\" data-id=\"227be0b\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"how-are-stable-assets-stablecoins-kept-stable\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0a9787d elementor-widget elementor-widget-heading\" data-id=\"0a9787d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">How are stable assets\/stablecoins kept stable?<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-898bb34 elementor-widget elementor-widget-text-editor\" data-id=\"898bb34\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>The two primary reasons for the price stability of fiat currencies and stablecoins are the reserves that back them and the occasional market intervention by controlling authorities, like central banks. <br \/><br \/>For instance, when an asset like the US dollar sees unnatural fluctuations in value, the authorities will step in and manage and manipulate the demand and supply of currency to maintain price stability (thus also stabilising the value of stablecoins).<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ada0016 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ada0016\" data-element_type=\"section\" id=\"content-3\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0161c79\" data-id=\"0161c79\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8245223 elementor-widget elementor-widget-menu-anchor\" data-id=\"8245223\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"what-are-fiat-backed-stablecoins\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9e8fedc elementor-widget elementor-widget-heading\" data-id=\"9e8fedc\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">What are fiat-backed stablecoins? <\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-52083af elementor-widget elementor-widget-text-editor\" data-id=\"52083af\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>The most common type of stablecoins are collateralised (or backed) by fiat currency like USD, AUD EUR, or GBP. Fiat-backed stablecoins have what is called a 1:1 ratio, meaning 1 stablecoin is equal to 1 unit of currency. Thus, for each stablecoin that exists, there needs to be one unit of a real fiat currency held in reserves so that people can easily switch between the two.\u00a0<\/p><p>When someone wants to redeem cash with their stablecoins, the entity that manages the stablecoin will provide the fiat from the reserve. Then, the equivalent stablecoins returned by the person will be destroyed or taken out of circulation.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7ab8dac elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7ab8dac\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a92f8c2\" data-id=\"a92f8c2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6a486f7 elementor-widget elementor-widget-menu-anchor\" data-id=\"6a486f7\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"what-are-commodity-backed-stablecoins\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-110341a elementor-widget elementor-widget-heading\" data-id=\"110341a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">What are commodity-backed stablecoins? <\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9b54f5c elementor-widget elementor-widget-text-editor\" data-id=\"9b54f5c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>Commodity-backed stablecoins are backed up by physical assets like precious metals, oil, and real estate. Commodity-backed stablecoins allow for investments in assets like Gold that may otherwise be out of reach, depending on where you live.\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ccdbc76 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ccdbc76\" data-element_type=\"section\" id=\"content-4\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e80480b\" data-id=\"e80480b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4c08739 elementor-widget elementor-widget-menu-anchor\" data-id=\"4c08739\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"what-are-crypto-backed-stablecoins\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cc2a7b5 elementor-widget elementor-widget-heading\" data-id=\"cc2a7b5\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">What are crypto-backed stablecoins? <\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-80bb864 elementor-widget elementor-widget-text-editor\" data-id=\"80bb864\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>Crypto-backed\/collateralized stablecoins are backed by another cryptocurrency as collateral. While cryptocurrencies are volatile, these stablecoins use smart contracts and over-collateralisation (more than the equivalent amount is held in reserves) \u00a0to ensure that the stablecoin remains relatively steady in value. <br \/><br \/>When investing in a crypto-backed stablecoin, you lock your cryptocurrency into a smart contract to obtain tokens of equal value. When you are ready, you can then put your stablecoin back into the same smart contract to withdraw your original amount.\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a6b41f3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a6b41f3\" data-element_type=\"section\" id=\"content-5\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ebf1ee6\" data-id=\"ebf1ee6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5a97fde elementor-widget elementor-widget-menu-anchor\" data-id=\"5a97fde\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"what-are-the-drawbacks-of-stablecoins\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5fdf287 elementor-widget elementor-widget-heading\" data-id=\"5fdf287\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">What are the potential drawbacks of stablecoins?<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3b8e250 elementor-widget elementor-widget-text-editor\" data-id=\"3b8e250\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>These hybrid cryptocurrencies are a relatively new phenomenon and they have their drawbacks. Some of these include:<\/p><p><strong>Centralisation<br \/><\/strong><\/p><p>To access stablecoins, you generally have to pass through a<strong> third party intermediary<\/strong> (the company issuing the stablecoin). This requires trusting that entity and is therefore not \u00a0fully aligned with the <strong>decentralised <\/strong>spirit of cryptocurrencies.<\/p><p>While stablecoins provide a bridge between crypto and traditional finance, given that crypto is primarily known for being a <a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-defi-decentralised-finance\" target=\"_blank\" rel=\"noopener\"><strong>decentralised currency<\/strong><\/a>, centralisation is not ideal and removes many of the benefits of other cryptos. While not all stablecoins are centralised (DAI, for example), most of them involve a third party.<\/p><p><strong>Dependence on traditional finance markets<\/strong><\/p><p>Stablecoins are usually pegged to fiat currencies, meaning their value is entirely dependent on the condition of the economy. Like fiat, they are vulnerable to inflation and carry some of the downsides of fiat currency that crypto was invented to solve.\u00a0<\/p><p><strong>External Audits Needed<\/strong><\/p><p>To ensure all the stablecoins are backed by real world assets and properly accounted for, external audits of the issuing companies will need to be done regularly. There have been instances of stablecoin companies being accused of not having a sufficient amount of \u00a0collateral in their reserves.\u00a0\u00a0<\/p><p><strong>Lack of regulation<br \/><\/strong><\/p><p>This is a potential pro and con for the entire cryptocurrency space. Stablecoins might mimic fiat currency, but the regulators are still trying to figure out how to handle the past decades wave of digital currencies. While stablecoins could play a pivotal role in the future of business and finance, they have a long way to go in terms of being properly regulated.<\/p><p><strong>Not as lucrative as other cryptocurrencies<\/strong><\/p><p>While you can earn an interest rate with stablecoins that outdoes the rate offered by your bank, stablecoins are indeed \u2018stable\u2019 and there isn\u2019t as much potential for growth when compared to holding <a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-cryptocurrency\" target=\"_blank\" rel=\"noopener\">other cryptocurrencies<\/a> that see price volatility. Less risk, less reward.\u00a0\u00a0\u00a0\u00a0<\/p><p><strong>Lack of a track record<\/strong><\/p><p>Stablecoins are a new thing, and it is hard to predict which ones are truly reliable. While the whole idea is to maintain a similar value to a stable asset, it is possible for a stablecoin to lose its peg or be hacked\/stolen. It is recommended that you do some solid research before putting your money in them.\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-72e7306 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"72e7306\" data-element_type=\"section\" id=\"content-6\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2cfcf2d\" data-id=\"2cfcf2d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-283c8ad elementor-widget elementor-widget-menu-anchor\" data-id=\"283c8ad\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"what-are-some-examples-of-popular-stablecoins\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-288296b elementor-widget elementor-widget-heading\" data-id=\"288296b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">What are some examples of popular stablecoins?<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e5206b1 list-bg-bi elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"e5206b1\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\"><b>USD Coin (USDC) <\/b>- Many crypto exchanges and brokers (including Binance (BUSD)) have come out with their very own stablecoins in order to provide a native stablecoin for their platform which traders can use. USD Coin is a stablecoin backed by Coinbase, one of the world\u2019s biggest crypto brokers. Exchanges and brokers incentivise traders to use their stablecoin by offering lower fees and frictionless transactions on their platform.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\"><strong>True USD (TUSD) - <\/strong>True USD is similar to USDT but 100% backed by the U.S. dollar. It boasts itself as one of the most liquid stablecoins on the market. With lower transaction fees than wire transfers, TUSD is another popular choice for investors who want to earn a tidy interest rate on their assets. The issuers of True USD also issue other stablecoins pegged to the value of the dollar from countries like England and Australia. <\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\"><b>Paxos Standard (PAX)<\/b> - Paxos Standard also aims to stay pegged to the U.S. dollar. It\u2019s known for its transparency, addressing the fact that other stablecoins (namely Tether) have been criticised for not holding the sufficient amount of fiat currency in their reserves. PAX is regularly audited and is another popular choice.  It was created as an answer to the Tether printing controversy, which saw Tether come under fire for an unverified claim that it held $1.8 billion with Deltec Bank &amp; Trust Ltd to back its stablecoin.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\"><b>PAX Gold (PAXG)<\/b> - Pax Gold (PAXG) is a gold-backed cryptocurrency, launched by the creators of Paxos Standard (PAX) in September 2019. As an ERC-20 token built on the Ethereum blockchain, Pax Gold is available on a number of exchanges and has become a way for traders to invest in gold.  Each token is backed by one fine troy ounce (t oz) of a 400 oz London Good Delivery gold bar. If you own PAXG, you essentially own the underlying physical gold, held by Paxos Trust Company.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\"><b>USD Coin (USDC)<\/b> - Many crypto exchanges and brokers (including Binance (BUSD)) have come out with their very own stablecoins in order to provide a native stablecoin for their platform which traders can use. USD Coin is a stablecoin backed by Coinbase, one of the world\u2019s biggest crypto brokers. Exchanges and brokers incentivise traders to use their stablecoin by offering lower fees and frictionless transactions on their platform.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-41094a5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"41094a5\" data-element_type=\"section\" id=\"content-7\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e474428\" data-id=\"e474428\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-88aaa5e elementor-widget elementor-widget-menu-anchor\" data-id=\"88aaa5e\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"how-can-stablecoins-help-the-developing-world\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ccb0433 elementor-widget elementor-widget-heading\" data-id=\"ccb0433\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">How can stablecoins help the developing world?<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2997466 elementor-widget elementor-widget-text-editor\" data-id=\"2997466\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>Considering there are literally <strong>billions<\/strong> of people in the world <strong>without a bank account<\/strong>, Blockchain, stablecoins and cryptocurrency have begun a fundamental shift in how developing countries operate. Some areas likely to see huge positive change include (but are not limited to):<\/p><p>&#8211;\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0 Efficient money transfers (without the fee-charging third party)<\/p><p>&#8211;\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0 Land title proof<\/p><p>&#8211;\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0 A safe place to store assets<\/p><p>&#8211;\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0 The ability to earn interest without a bank account<\/p><p>&#8211;\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0 More effective humanitarian aid<\/p><p>&#8211;\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0 Better access to loans, capital and real estate investments<\/p><p>&#8211;\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0 Micro loans and small business funding<\/p><p>&#8211;\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0 Access to insurance and other financial services<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a2250b9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a2250b9\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7e4144b\" data-id=\"7e4144b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c343de3 elementor-widget elementor-widget-heading\" data-id=\"c343de3\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div 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Stress-free<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b23362a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b23362a\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-fd1fdde\" data-id=\"fd1fdde\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8a18f78 elementor-widget elementor-widget-text-editor\" data-id=\"8a18f78\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><a href=\"http:\/\/digitalsurge.com.au\/\" target=\"_blank\" rel=\"noopener\">Digital Surge<\/a>\u00a0is the easiest way for Australians to\u00a0<a href=\"https:\/\/digitalsurge.com.au\/sign-up\" target=\"_blank\" rel=\"noopener\">buy, sell &amp; store over 250+ cryptocurrencies<\/a>. With extremely low fees, a uniquely user-friendly interface and a customer-support team you can rely on, getting involved in crypto has never been easier.\u00a0<a href=\"https:\/\/digitalsurge.com.au\/sign-up\" target=\"_blank\" rel=\"noopener\">Sign up<\/a>\u00a0today and enjoy safe, stress-free trading.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-971c85c elementor-widget elementor-widget-text-editor\" data-id=\"971c85c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><i>Crypto-curious? The time you spend here will be the best investment you ever make.<\/i><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c73db07 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c73db07\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-11c042d\" data-id=\"11c042d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-796b755 elementor-widget elementor-widget-heading\" data-id=\"796b755\" data-element_type=\"widget\" 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target=\"_blank\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"102\" height=\"114\" src=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/05\/bills.png\" class=\"attachment-large size-large\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<div class=\"likebtn_container\" style=\"\"><!-- LikeBtn.com BEGIN --><span class=\"likebtn-wrapper\"  data-identifier=\"page_7499\"  data-site_id=\"604d0dec943ec9c02d34b5d2\"  data-style=\"\"  data-unlike_allowed=\"\"  data-show_copyright=\"\"  data-item_url=\"http:\/\/3.26.50.104\/education\/what-are-stablecoins\/\"  data-item_title=\"What are Stablecoins?\"  data-item_date=\"2021-07-14T12:18:24+10:00\"  data-engine=\"WordPress\"  data-plugin_v=\"2.6.36\"  data-prx=\"http:\/\/3.26.50.104\/education\/wp-admin\/admin-ajax.php?action=likebtn_prx\"  data-event_handler=\"likebtn_eh\" ><\/span><!-- LikeBtn.com END --><\/div>","protected":false},"excerpt":{"rendered":"<p>\u2190 Back What are Stablecoins? Definition A stablecoin is a type of hybrid cryptocurrency whose value is tied to a stable asset like USD or gold. Understanding Stablecoins Stablecoins attempt to bridge traditional finance with the world of cryptocurrency. They are a type of cryptocurrency that is \u2018pegged\u2019 to a real-world asset like fiat currency, precious metals or even other cryptocurrencies. This adds stability to their value, reducing much of the uncertainty and volatility that deters people from investing in crypto. Initially, stablecoins were created to mimic fiat currency and to be used by traders who operated on exchanges that\u2026<\/p>\n<div class=\"likebtn_container\" style=\"\"><!-- LikeBtn.com BEGIN --><span class=\"likebtn-wrapper\"  data-identifier=\"page_7499\"  data-site_id=\"604d0dec943ec9c02d34b5d2\"  data-style=\"\"  data-unlike_allowed=\"\"  data-show_copyright=\"\"  data-item_url=\"http:\/\/3.26.50.104\/education\/what-are-stablecoins\/\"  data-item_title=\"What are Stablecoins?\"  data-item_date=\"2021-07-14T12:18:24+10:00\"  data-engine=\"WordPress\"  data-plugin_v=\"2.6.36\"  data-prx=\"http:\/\/3.26.50.104\/education\/wp-admin\/admin-ajax.php?action=likebtn_prx\"  data-event_handler=\"likebtn_eh\" ><\/span><!-- LikeBtn.com END --><\/div>","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"footnotes":""},"class_list":["post-7499","page","type-page","status-publish","hentry"],"blocksy_meta":"","featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":""},"post_excerpt_stackable":"<p>\u2190 Back What are Stablecoins? Definition A stablecoin is a type of hybrid cryptocurrency whose value is tied to a stable asset like USD or gold. Understanding Stablecoins Stablecoins attempt to bridge traditional finance with the world of cryptocurrency.They are a type of cryptocurrency that is \u2018pegged\u2019 to a real-world asset like fiat currency, precious metals or even other cryptocurrencies. This adds stability to their value, reducing much of the uncertainty and volatility that deters people from investing in crypto.Initially, stablecoins were created to mimic fiat currency and to be used by traders who operated on exchanges that did not&hellip;<\/p>\n<div class=\"likebtn_container\" style=\"\"><!-- LikeBtn.com BEGIN --><span class=\"likebtn-wrapper\"  data-identifier=\"page_7499\"  data-site_id=\"604d0dec943ec9c02d34b5d2\"  data-style=\"\"  data-unlike_allowed=\"\"  data-show_copyright=\"\"  data-item_url=\"http:\/\/3.26.50.104\/education\/what-are-stablecoins\/\"  data-item_title=\"What are Stablecoins?\"  data-item_date=\"2021-07-14T12:18:24+10:00\"  data-engine=\"WordPress\"  data-plugin_v=\"2.6.36\"  data-prx=\"http:\/\/3.26.50.104\/education\/wp-admin\/admin-ajax.php?action=likebtn_prx\"  data-event_handler=\"likebtn_eh\" ><\/span><!-- LikeBtn.com END --><\/div>","category_list":"","author_info":{"name":"user","url":"http:\/\/3.26.50.104\/education\/author\/user\/"},"comments_num":"0 comments","yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What are Stablecoins? - Crypto Simple<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/3.26.50.104\/education\/what-are-stablecoins\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What are Stablecoins? - Crypto Simple\" \/>\n<meta property=\"og:description\" content=\"\u2190 Back What are Stablecoins? Definition A stablecoin is a type of hybrid cryptocurrency whose value is tied to a stable asset like USD or gold. Understanding Stablecoins Stablecoins attempt to bridge traditional finance with the world of cryptocurrency. They are a type of cryptocurrency that is \u2018pegged\u2019 to a real-world asset like fiat currency, precious metals or even other cryptocurrencies. This adds stability to their value, reducing much of the uncertainty and volatility that deters people from investing in crypto. 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